Janashakthi Insurance :: Jeevitha Vardana
  
 
 
 
Solutions > Life > Comprehensive Life Plans > Jeevitha Vardana  
Jeevitha Vardana is a flexible financial plan, which can be tailor-made to suit your individual requirements.

What is unique About Jeevitha Vardana?
The Life Insurance cover increases by 50% every 5 years taking into account inflation. It also guarantees a bonus at a fixed annual rate of 2.5% on the original sum insured payable at maturity (e.g. Rs.2500/= p.a. for every Rs.100, 000/=), and is therefore not affected by fluctuations in interest rates.
Eligibility Criteria and Other Conditions
This plan can be tailor-made to provide protection for you up to the age of 75, and the minimum period is 10 years.
You have to be between 19 and 65 years of age to enter.
Maximum maturity age 75 years.
What are the Life Insurance Benefits available with Jeevitha Vardana?
Illustration: Insured Amount Rs.100, 000/=
Protection Period - 20 years

* Natural & Accidental Death Benefits
* Maturity Benefits
 

  Natural & Accidental Death Benefits
Basic Natural & Accidental Death Benefits - Insured amount Rs.100,000/=

 
Protection Period Death Benefit Scheme
First 5 years Rs.100,000/=
From 6th to 10th Year Rs.150,000/=
From 11th to 15th Year Rs.200,000/=
From 16th to 20th Year Rs.250,000/=

  Maturity Benefits
Maturity Benefits
Guaranteed Bonus at Rs. 25.00 per 1000 per annum amounts to
Rs.50, 000/= at the end of the 20 year protection period.

If you are a 25 year old youth embarking on your career and you opt for a 20 year Jeevitha Vardana Financial Plan, you will receive a guaranteed payment of Rs.150, 000/= at the age of 45 irrespective of fluctuations in interest rates during the period.

This is in addition to the benefits received upon termination of your employment. This will come in handy and if you so wish this fund can even be utilised to purchase a lifetime Pension Plan for you at that age.

You could tailor-make your Jeevitha Vardana Financial Plan to suit your own distinct needs by adding any of the following benefits for a modest additional premium

Increased Protection for yourself
 

Life cover up to 10 times the insured amount.
Accidental cover for death, total & permanent disability and partial & permanent disability, up to 15 times the insured amount.
Critical illness cover for 22 dreaded illnesses equivalent to the total life cover taken.
Annual hospitalisation cash plan up to 1% of the insured amount per day, up to 50 days (excluding first 3 days in hospital). You will be entitled to this benefit each year, even though you have claimed in a previous year.
Hospitalisation expenditure reimbursement benefits up to 25% of the insured amount subject to a maximum of Rs.100, 000/- annually. You will be entitled to this benefit each year, even though you have claimed in a previous year.
 
Additional Protection for Your Spouse to enable you to compensate in monetary terms, the loss of income to your family, as a result of the death or serious illness of your spouse
Life cover up to the total value of your life cover under this plan.
Accidental cover for death, total & permanent disability and partial & permanent disability, up to the total value of your accidental cover under this plan.
Critical illness cover for 22 dreaded illnesses equivalent to the total life cover taken by the spouse.
Annual hospitalisation cash plan up to 1% of the insured amount per day, up to 50 days (excluding first 3 days in hospital). Your spouse will be entitled to this benefit each year, even though you have claimed in a previous year.. Maximum of Rs. 5,000 per day
 
Additional Health Protection for Your Child/Children below 21 years of age
Annual hospitalisation cash plan up to 0.5% of the insured amount per day, up to 50 days (excluding first 3 days in hospital). Your child will be entitled to this benefit each year, even though you have claimed in a previous year.Maximum of Rs. 2,500 per day
 
How the policy works?
NOTE:If you need to meet one of our professional Financial Advisors to customise the Jeevitha Vardana plan according to your distinct needs and wants please click here to Contact Us.
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